3 Mark this question Which of the following on a AS/AD graph depicts a recession? The SRAS curve makes a parallel shift to the right. All three curves intersect at the same point. The intersection of the SRAS and AD curves is at a higher RGDP quantity than the LRAS curve. The intersection of the SRAS and AD curves is at a lower quantity of RGDP than the LRAS curve. Question 2 Mark this question Which statement describes expansionary fiscal policy? This is the proportion of an increase in pay that is spent on goods and services. This has a negative effect on GDP in the current period. This is when government expenditures exceed tax revenues. This is when a country's money supply expands based on banks' lending ability